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Category: Business

Intel has limited customer commitments for latest chip manufacturing tech, CFO says
Business

Intel has limited customer commitments for latest chip manufacturing tech, CFO says

(Reuters) -The volume of processors Intel is set to produce for external customers using its upcoming manufacturing technology is currently…

May 13, 2025
Amazon signs up FedEx for residential deliveries after UPS pullback
Business

Amazon signs up FedEx for residential deliveries after UPS pullback

(Reuters) -Amazon has signed up FedEx to handle some parts of its package deliveries, it said on Monday, days after…

May 12, 2025
Bain Capital to buy PCI Pharma at $10 billion valuation, Bloomberg News reports
Business

Bain Capital to buy PCI Pharma at $10 billion valuation, Bloomberg News reports

(Reuters) -Bain Capital is in talks to buy contract drug manufacturer PCI Pharma Services at a valuation of $10 billion,…

May 9, 2025
Nippon Steel exec headed to Washington next week in push for US Steel deal, source says
Business

Nippon Steel exec headed to Washington next week in push for US Steel deal, source says

(Reuters) -Nippon Steel Vice Chairman Takahiro Mori is headed to Washington next week as the company seeks to win approval…

May 9, 2025
Paramount’s quarterly results beat estimates on direct-to-consumer growth
Business

Paramount’s quarterly results beat estimates on direct-to-consumer growth

(Reuters) -Paramount Global beat Wall Street estimates for first-quarter revenue and profit on Thursday, driven by a growth in its…

May 8, 2025
Pinterest’s strong revenue forecast signals growing ad spend, shares surge
Business

Pinterest’s strong revenue forecast signals growing ad spend, shares surge

(Reuters) -Pinterest forecast current-quarter revenue above Wall Street estimates on Thursday, a sign of growing advertising spend on the social…

May 8, 2025
Beyond Meat withdraws annual forecasts as US faux meat demand slides
Business

Beyond Meat withdraws annual forecasts as US faux meat demand slides

(Reuters) -Beyond Meat on Wednesday withdrew its annual sales target as macroeconomic volatility and high inflation in the United States…

May 7, 2025
Netflix to revamp TV app interface, launch AI-powered search for iOS users
Business

Netflix to revamp TV app interface, launch AI-powered search for iOS users

(Reuters) -Netflix said on Wednesday it plans to revamp its TV app interface and introduce generative AI to the iOS…

May 7, 2025
Chip tech provider Arm forecasts first-quarter revenue below estimates
Business

Chip tech provider Arm forecasts first-quarter revenue below estimates

By Arsheeya Bajwa and Stephen Nellis (Reuters) – Arm Holdings forecast first-quarter sales and profit below Wall Street estimates on…

May 7, 2025
Higher OPEC+ output, tariff uncertainty raising oil price volatility, EIA says
Business

Higher OPEC+ output, tariff uncertainty raising oil price volatility, EIA says

NEW YORK (Reuters) – Perceptions of oversupply among oil market participants from increasing OPEC+ output and uncertainty about the economic…

May 6, 2025

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